MARSH & McLENNAN AGENCY ACQUIRES TEQUESTA INSURANCE ADVISORS
News Release–MMA acquires Tequesta Insurance Advisors
White Plains, New York, August 7, 2015 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Tequesta Insurance Advisors, a leading personal, commercial, and employee benefits insurance provider in Florida. Terms of the transaction were not disclosed.
With approximately $10 million in annual revenues and 50 employees, Tequesta adds additional property/casualty capabilities and personal lines expertise to MMA’ s Florida region. All of Tequesta’s employees are joining MMA and will continue to operate out of the agency’s Tequesta, Florida office.
“I’m delighted to welcome CEO Mark Kasten, President Geoff Mayfield and the rest of the Tequesta team to MMA,” said Shannon Alfonso, president of MMA’s Florida region. “With the addition of Tequesta, MMA now has more than 220 colleagues in eight offices throughout Florida providing risk, insurance, and benefit solutions to middle market companies and individuals in the state.”
Tequesta’s Mr. Mayfield said: “After 50 years in the insurance agency business, we are proud to join MMA. Combining forces will improve our ability to find solutions for our clients, ensure new opportunities for our associates, and expand the services we provide to our clients.”
Commenting on the transaction, David Eslick, chairman and CEO of MMA, said: “Tequesta is a welcome addition to our expanding roster of high-quality agencies that now make up Marsh & McLennan Agency.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 27,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With 57,000 colleagues worldwide and annual revenue exceeding US$13 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook and YouTube.
News Release Contact:
Marsh & McLennan Agency